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20121218
20121218
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CNBC
Dec 18, 2012 3:00pm EST
bartiromo with the new york stock exchange. the more wall street washington is rising above, the higher the market goes. >> rejection of how john boehner's plan "b" thatty had came out with today. the major averages are all trading around two-month highs today because it seems like progress is still being made on some kind of a deal. here's where we stand right now. the dow up 98 points, was up 125 at the high, and then the white house rejected and some comments by senate majority leader harry reid on that so-called plan "b" proposal from john boehner, sort of took some of the wind out of the sails. nasdaq still up 1.25%, a 3348 and the s&p 500 index is up 12-plus points right now at 1443. >> while the dow on pace for the first back-to-back triple-digit gains in nearly five months. can we hold on for the final hour? >> let's talk about that in our closing bell exchange. carol roth, the author of "entrepreneurial equation" is with us. from chicago, keith springer from springer financial adviser and john carpina is on the floor with us, and rick santelli, of course, is in chicago a
FOX Business
Dec 18, 2012 3:00pm EST
washington as secretary of commerce, but he also turned around it publicly traded qaeda -- iconic company. the shares of kellog moved around. now is moved to banking. he is joining me now on the first on fox business interview, and i want to let our viewers know the genesis of this. i ran into you in washington d.c. at the airport just a week and have caught two weeks ago. asset to me you have to come on the show because i thought your opinions are very interesting. right now, let's work with the news that we have today. john boehner saying 1 million, that is what people should have expiration on the tax threshold. the president moving from to 50 the possibly 400,000. will we have a deal? >> i think so. my opinion is that if we have to go over the fiscal cliff to get a good deal, we might as well bite the bullet now. do it now, and fro and the debt ceiling. it is a big -- liz: throw in the debt ceiling, you mean the republicans should use that in their back pocket? >> absolutely. it is to no one's benefit to have a debate in march about the creditworthiness of the u.s. once again,
CNBC
Dec 18, 2012 4:00pm EST
strategy, but i do think it certainly sends a message that politicians in washington are as dysfunctional as they appear to be, so i think politics as a macro driver i think stays very much in -- in the picture under those circumstances, and i think it does put a damper on psychology, investor psychology, business psychology, so it absolutely does come into play. we're certainly not telling our investors in the very near team ie between now and year end to trade around a possible outcome. i think that is a relatively dangerous thing to do. >> and alan, do you agree there? what do you want to be exposed to going into the new year from your standpoint? >> well, i would say that, first of all, i'm neutral on equities in my ridgeworth allocation strategy funds and it's because of the fiscal cliff. if you look at the underlying fundamentals, the housing market is getting better. europe appears to be moving in the right direction as is china so the fundamentals are moving in the right direction, but the truth is if washington messes this up, we could go into recession the first pa
Search Results 0 to 2 of about 3